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SXC Health solutions announces Strong fourth quarter and year end financial results
Date:3/4/2010

M contract with the Employer-Union Health Benefits Trust Fund of Hawaii - Entered into a strategic relationship with Allscripts Misys to enhance the E-Prescribing options available to SXC's clients - Completed a public offering of 5,175,000 common shares at a price of $41.50 per share resulting in net proceeds of approximately $203.1 million

"2009 was an outstanding year with record financial and operational achievements for SXC," said Mark Thierer, President and CEO. "We won new contracts with industry leaders, locked-in new commitments with existing customers and completed a $203 million equity financing that will help us capitalize on future growth opportunities, both organically and through acquisitions. As we enter 2010, the healthcare system is under intense scrutiny to provide enhanced services while improving efficiencies. The rate of change is extreme which opens new opportunities to agile and expert players in our industry. We are well positioned at the leading edge of this curve with a unique business model for providing technology solutions and PBM services that enable us to meet the individual needs of a diverse and growing set of payor customers."

    Financial Review
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SXC evaluates segment performance based on revenue and gross profit. A reconciliation of the Company's business segments to the consolidated financial statements for the three- and twelve-month periods ended
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SOURCE SXC Health Solutions Corp.
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